Revolut Users Experience Bitcoin Trading Glitch
- Bitcoin Price Anomaly: Some Revolut users reported seeing Bitcoin trading at $0.02 in the app, while the broader market maintained a price around $79,000, indicating a severe glitch in Revolut's internal systems that could undermine user trust.
- Internal Data Failures: The price on Revolut's Bitcoin page fluctuated from £58,600 to £29,414, revealing significant issues in its data processing, with a 50% price swing occurring in a stable market, which may attract regulatory scrutiny.
- Potential Legal Risks: As Revolut has not confirmed whether any trades executed at these bizarre prices, it faces a dilemma on whether to honor these trades if they were filled, especially under the watchful eye of EU and UK regulators, which could lead to stricter compliance requirements.
- User Base Impact: With over 70 million customers and £3.1 billion in revenue for 2024, processing over £1 trillion in transactions, any system failure poses a significant risk to Revolut's operations, particularly in an increasingly stringent regulatory environment.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 67093.517 | 71015.518 | 75005.997 | 78927.998 | 82918.477 | 86840.478 | 90830.957 |
| Fibonacci | 71015.518 | 74038.086 | 75905.431 | 78927.998 | 81950.566 | 83817.911 | 86840.478 |
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